Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 82.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 735 shares of the business services provider’s stock after selling 3,450 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Priceline Group were worth $1,351,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Harding Loevner LP raised its holdings in shares of Priceline Group by 2,593.1% in the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after buying an additional 5,058,945 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Priceline Group by 654.1% in the 2nd quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after buying an additional 557,358 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Priceline Group by 7.1% in the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after buying an additional 108,187 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Priceline Group in the 3rd quarter worth approximately $174,056,000. Finally, Flossbach Von Storch AG raised its holdings in shares of Priceline Group by 30,890.9% in the 3rd quarter. Flossbach Von Storch AG now owns 85,225 shares of the business services provider’s stock worth $156,032,000 after buying an additional 84,950 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
Several equities research analysts have recently commented on PCLN shares. Bank of America restated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Tuesday, September 26th. Morgan Stanley restated an “overweight” rating and issued a $2,100.00 price target (up from $2,050.00) on shares of Priceline Group in a research report on Monday, October 2nd. SunTrust Banks reiterated a “buy” rating and set a $2,200.00 target price on shares of Priceline Group in a report on Wednesday, October 4th. Barclays reiterated a “buy” rating and set a $2,150.00 target price on shares of Priceline Group in a report on Wednesday, October 11th. Finally, Deutsche Bank reiterated a “hold” rating and set a $2,050.00 target price on shares of Priceline Group in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,002.06.
In related news, Director Jan L. Docter sold 1,200 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares in the company, valued at $250,561.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the completion of the sale, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock valued at $2,781,444 over the last quarter. Company insiders own 0.24% of the company’s stock.
Priceline Group Inc (PCLN) traded up $16.29 during midday trading on Friday, reaching $1,823.54. The company’s stock had a trading volume of 358,593 shares, compared to its average volume of 394,758. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. Priceline Group Inc has a 12-month low of $1,489.89 and a 12-month high of $2,067.99. The company has a market capitalization of $89,460.00, a PE ratio of 25.55, a PEG ratio of 1.28 and a beta of 1.39.
Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $29.69 earnings per share. equities research analysts expect that Priceline Group Inc will post 74.42 earnings per share for the current year.
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About Priceline Group
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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